Chelsea, Oklahoma Lender Lends Money to Saffron, LLC

Want to talk with a Chelsea, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by a Chelsea bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Commerce worked out well for our friends at Saffron, LLC in Tulsa, Oklahoma. The business was able to get an SBA loan for $50,000. Way to go!

SBA Loan Borrower

SAFFRON, LLC
1148 SOUTH HARVARD AVE
TULSA, OK 74112

SBA Loan Lender

BANK OF COMMERCE
322 W 6TH ST
CHELSEA, OK 74016

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/18/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower, Saffron, LLC, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Commerce and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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Banks in Chelsea, Oklahoma

Oklahoma SBA Bank Lenders

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